NASDAQ survey: Spot Crypto ETF would accelerate the assignment of consultants
NASDAQ survey: Spot Crypto ETF would accelerate the assignment of consultants
- While 86 % of financial professionals plan to increase their crypto allocations next year, nobody plans to reduce them
- advisors state that you want to assign an average of 6 % of the overall portfolio of a customer of crypto
Almost nine out of ten financial advisors who invest in Krypto expect to increase their allocations next year, although the approval of a spot crypto ETF would help accelerate the further introduction.
The survey published on Monday collected contributions from 500 consultants who are currently assigning or considering crypto. While 86 % are planning to increase their allocations for the area in the next 12 months, nobody plans to reduce them during this period.
"This is important because it shows that neither consultants nor their customers feel the remorse of the buyer based on their decisions," Jake Rapaport, head of the Digital Asset Index Research at Nasdaq, told Blockworks.
But 72 % of the consultants would rather invest in Crypto if a spot ETF in the United States were offered, according to the survey.
The Securities and Exchange Commission has not yet approved a product that invests directly in cryptocurrencies such as Bitcoin, and 31 % of the respondents stated that they are unlikely to be approved this year.
Analysts from Bloomberg Intelligence said that they do not expect to be approved by a spot bitcoin ETF before mid-2023.
In the meantime, the fund groups ProShares, Valkyrie Investments and Vaneck have launched ETFs last year, which mainly invest in Bitcoin Futures Contracts. Last week, the SEC approved a Bitcoin futures ETF by the Vermögensverwalter Teucrium, which was submitted in accordance with the 1933 Securities-the Ordinance according to which Spot-Bitcoin ETFs are submitted.Half of the consultants who already invest in crypto invest in Bitcoin futures ETFs, and 28 % plan to use them in the next 12 months, stated Nasdaq.
Who distributes how?
About a third of the registered investment consultants (RIAS) use crypto compared to 19 % of the independent broker dealers (IBDS) and 17 % of Wirshouse consultants.
advisors state that you want to assign an average of 6 % of the overall portfolio of a customer.
About 70 %would be used to use an index fund for a broad commitment, followed by sector -specific index funds (57 %), actively managed funds (52 %), individual digital assets (40 %) and high -interest fund (31 %).
Nevertheless, only 10 % of the consultants say that they are very familiar with crypto. Nasdaq teamed up with the asset manager Hashdex last month to launch a curriculum for digital assets for financial specialists.
"There is so much space for educational growth on this topic," said Rapaport and found that asset managers, index providers and media publisher can all help to close the gap. "It is less surprising that the consultants know what they want and they want to largely access to passive investment products for their customers' portfolios."
The Nasdaq started its crypto index in February 2021. By March 1st, it referred around 67 % to Bitcoin and almost 30 % on Ether and eight other crypto systems with less than 1 %.
"We continue to believe that the Nasdaq Crypto Index simplifies access to the entire investment class by adhering to principles that are important for consultants and investors," said Rapaport. "We look forward to driving further innovations in the crypto area to support all types of investors."
. .
The Post Nasdaq Survey: Spot Crypto ETF would accelerate the Adviser assignment is not a financial advice.